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Honey Badger Announces Delayed Filing of Annual Disclosure Documents Pursuant to Temporary Relief Granted by Regulators

Regulatory & Compliance

NEWS RELEASE

April 24, 2020

Honey Badger Announces Delayed Filing of Annual Disclosure

Documents Pursuant to Temporary Relief Granted by Regulators

Toronto, Ontario – April 24, 2020 – Honey Badger Exploration Inc. (TSX-V: TUF) (“Honey

Badger” or the “Company”) today announced that it will be delaying the filing and delivery

of certain of its continuous disclosure documents, in accordance with BC 51 -515

Temporary Exemption from Certain Corporate Finance Requirements (the “Blanket

Exemption Order”) which was adopted for the purpose of providing certain filing and other

relief to issuers in light of the challenges posted by the COVID-19 pandemic.

The Company is relying on the Blanket Exemption Order in delaying (i) the filing of its

annual financial s tatements and related management discussion and analysis for the year

ended December 31, 2019 (the “Annual Financial Statements”) required pursuant to

National Instrument 51 -102 Continuous Disclosure Obligations and (ii) the filing of

certifications of the Annual Financial Statements required pursuant to National Instrument

52-109 Certification of Disclosure in Issuer’s annual and Interim Filings (collectively with the

Annual Financial Statements , the “Required Annual Filings ”) and compliance with the

delivery requirements of applicable securities laws relating to the Required Annual Filings.

The officers and directors of the Company and certain other persons will be subject to a

trading black-out that reflects the principles in section 9 of National Policy 11-207 Failure-

to-File Cease Trade Orders and Revocations in Multiple Jurisdictions pursuant to which such

persons are prohibited from trading in any securities of the Company.

The Company currently intends to make the Required Annual Filings by May 31, 2020.

Since the filing of the Company's third quarter 2019 interim financial statements and

related management discussion and analysis on November 2 8, 2019 (the “Q3 Filings”) , the

Company has disclosed by way of news release or filings on SEDAR, the follo wing

significant business developments: it announced on December 11, 2019 that Ms. Fiona

Fitzmaurice, BA, ACCA, CPA, CGA was appointed as Honey Badger’s Chief Financial Officer

and further announced on that date that it had completed surface exploration wo rk on its

Thunder Bay Silver-Cobalt Project, located southwest of Thunder Bay, Ontario. There have

been no material business developments since the date of the Company’s Q3 Filings.

About Honey Badger Exploration Inc.

Honey Badger is a mineral exploratio n company headquartered in Toronto, Ontario,

Canada with properties in Quebec and Ontario including an interest in the Thunder Bay

Cobalt-Silver Project. The Company's common shares trade on the TSX Venture Exchange

under the symbol “TUF”.

For more information, please visit our website at http://www.honeybadgerexp.com.

Or contact:

Quentin Yarie, President & CEO, (416) 364-7029, [email protected]

or

Mia Boiridy, Investor Relations, (416) 364-7029, [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release contains forward -looking statements. In some cases, you can identify forward -looking

statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”,

“predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These

statements are only predictions and involve known and unknown risks, uncertainties and other factors that may

cause our or our industry’s actual results, levels of activity, performance or achievements to be materially

different from any future results, levels of activity, performance or achievements expressed or implied by these

forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward -looking

information in this news release are reasonable, undue re liance should not be placed on such information, which

only applies as of the date of this news release. The Company disclaims any intention or obligation to update or

revise any forward -looking information, whether as a result of new information, future e vents or otherwise,

other than as required by law.